Updated Dec 18, 2023
Marcus & Millichap Brokers Sell Tarzana Multifamily Property For $9.7M On Calvert St
18529 Calvert St, Tarzana, CA, USA
$9,725,000
$424/SF
Building Size
22,936 SF
Asset Type
MultiFamily
Closing
May 20, 2019
About this deal
AI
An apartment building located at 18529 Calvert St in Tarzana, California was recently sold for a total price of $9,725,000. The multifamily property features a size of 22,936 square feet, resulting in a price per square foot of $424.32. The transaction included 24 units, with each unit being sold at an average price of $405,208. The capitalization rate for this sale was 4.53%, while the gross rent multiplier was 15.68.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,725,000
- Address: 18529 Calvert St
- Market: Tarzana
Filip Niculete and Glen Scher from Marcus & Millichap represented the parties involved in this transaction as the brokers. They played a crucial role in facilitating the successful sale of this apartment building in Tarzana.
Players
Tarzana MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93